Intel CEO exits President Trump’s manufacturing council

Intel said Monday that CEO Brian Krzanich was leaving President Trump’s American Manufacturing Council, the latest executive to distance himself from the president following the weekend’s events in Virginia. In a blog post, Krzanich said that the decline in American manufacturing remains a serious issue, but said that “politics and political agendas have sidelined the important mission of rebuilding America’s manufacturing base.” “I resigned to call attention to the serious harm our divided political climate is causing to critical issues,…

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More CEOs leave Trump’s special councils

Richard Trumka, the CEO of AFL-CIO, along with AFL-CIO’s deputy chief of staff, Thea Lee, stepped down Tuesday evening from Trump’s manufacturing council, claiming that Trump’s remarks this afternoon about the violence on “both sides” in Charlottesville “repudiate his forced remarks yesterday about the KKK and neo-Nazis.” The controversial moments in President Trump’s administration have often been followed by quick blowback from the other side, with prominent business leaders taking to Twitter to express their disagreement and stepping down from his advisory…

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Warren Buffett dumped his entire stake in General Electric

Berkshire Hathaway dumped its entire $315.4 million stake in General Electric in the second quarter, according to filings. The firm owned about 10.6 million shares in the company. GE just recently promoted John Flannery to CEO, as Jeff Immelt stood aside. Flannery was head of GE’s healthcare business before being tapped for CEO. Flannery was able to take hold of the healthcare division and grow it into a $18 billion business as its helm. Berkshire Hathaway disclosed it closed its GE position in…

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NFL Player lives on $60,000 a year says this book changed his mindset

An alarming fifteen percent of NFL players end up declaring bankruptcy. Wide receiver Ryan Broyles, who was drafted by the Detroit Lions in 2012 and is currently a free agent, is making sure he won’t fall into that category. He and his wife have lived on about $60,000 a year throughout his career, he writes on The Players’ Tribune: “I don’t have cable. I use Apple TV and Netflix. My wife and I don’t go out to eat a lot,…

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How to Never Miss a Financial Deadline Again

It is incredibly easy to simply miss a bill’s due date or some other financial deadline. You fully intend to take care of it and have the means to do so, but it simply slips through your thoughts, and you find yourself having to pay a lot more due to late fees, interest and overdue notices. This doesn’t have to be the case. Thanks to a plethora of online tools, a person never has to miss a bill’s due date or…

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Is the Next Big Sub-Prime Crisis Coming?

Rich dad said, “Bull markets seem to go on forever, which causes people to become sloppy, foolish, and complacent.” It’s no secret that the stock market is on a record rise…and that many professional stock traders are terrified. When markets rise like meteors, people get stupid. It happened in 2007, and according to a report from Zero Hedge, it looks like it may very well be happening again. Writing about what they call SubPrime 2.0, Phoenix Capital Research cites a Bloomberg article:…

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